Highway Infrastructure Gets Rs 220 Crore Toll Contract

Business Standard Markets · stocks

Highway Infrastructure has secured a two-year contract worth Rs 220.66 crore from the Uttar Pradesh Expressways Industrial Development Authority. The agreement involves the collection of user fees and operation of toll plazas along the Gorakhpur Link Expressway. The contract also includes the deployment of four patrol-cum-safety vehicles with personnel. The initial year's payment is Rs 105.07 crore, with a 10% annual escalation thereafter.